Nuclear Energy Insider: US Nuclear New Build Activity: Huge Opportunity for Component Suppliers, Says New Report

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A recently published report from business intelligence provider Nuclear Energy Insider, “The US Nuclear New Build Market for Component Suppliers” demonstrates just how component suppliers can take advantage of a new nuclear renaissance in the United States.

The US now stands on the brink of a nuclear resurgence which could see the number of nuclear power plants in the United States increase by over 30% if all current applications are approved.

This presents many opportunities for existing and prospective component suppliers to support the construction of new Nuclear Power Plants, according the author of the new report, expert nuclear consultant Rick Turk.

He points out that companies who see themselves as potential suppliers to a resurgent nuclear power industry need to understand how EPCs select their suppliers and the barriers and drivers for the US nuclear industry.

Any supplier of nuclear components needs to adhere to the ASME Boiler and Pressure Vessel Code and be certified with an N-stamp, but the number of companies that hold any nuclear stamp has fallen considerably, with approximately half as many companies holding certification in 2009 compared to the 1970s and 1980s.

A case study of Burns and Roe available in the new ‘US Nuclear New Build Market for Component Suppliers’ report shows that the process of N-stamp certification can take over a year to complete.

“It is clear that suppliers need to act fast if they wish to take advantage of the growing nuclear component market”, says Turk.

He concludes that: “this report is specifically designed for components suppliers so they can assess the risk and opportunities in today’s nuclear market”.

The report’s contents, including a free selected findings PDF can be found at: http://www.nuclearenergyinsider.com/reports/index.html

For more information contact Tony Jack at Nuclear Energy Update at: tony(at)nuclearenergyinsider(dot)com or on 1 800 814 3459 extn 7224

About Nuclear Energy Insider:
Nuclear Energy Insider is a business unit of FC Business Intelligence providing focused analysis and events for the Nuclear Energy industry. http://www.nuclearenergyinsider.com

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